Asahi Kasei Co. (OTCMKTS:AHKSY) Sees Significant Growth in Short Interest

Asahi Kasei Co. (OTCMKTS:AHKSY) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 21,500 shares, a growth of 1,333.3% from the December 31st total of 1,500 shares. Based on an average trading volume of 89,300 shares, the short-interest ratio is presently 0.2 days.

Asahi Kasei Stock Down 0.4 %

OTCMKTS:AHKSY opened at $13.46 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.62 and a debt-to-equity ratio of 0.41. Asahi Kasei has a 12-month low of $12.14 and a 12-month high of $15.80. The stock’s fifty day simple moving average is $13.80 and its 200-day simple moving average is $13.99. The firm has a market capitalization of $9.38 billion, a P/E ratio of 19.23 and a beta of 0.65.

Asahi Kasei (OTCMKTS:AHKSY) last posted its earnings results on Friday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $5.07 billion during the quarter. Asahi Kasei had a return on equity of 7.70% and a net margin of 2.47%.

About Asahi Kasei

Asahi Kasei Corporation manufactures and sells chemicals. It offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, acetonitrile, methacrylonitrile, cyclohexyl methacrylate, polyethylenes, polyethylenes powder, PMMA resin, polystyrene, polybutadiene rubbers, styrene/butadiene rubbers, clear styrenic copolymer, styrenic thermoplastic elastomer, hydrogenated styrenic elastomers, membranes and systems, functional materials, foams, purging compound, polyisocyanates, polycarbonatediol, aluminum paste, latex, photopolymers and platemaking systems, films, cyclohexanol, cyclohexane, and cyclohexene.